NFI Group Inc. (TSE:NFI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of NFI Group Inc. (TSE:NFI) have received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$19.33.

Several research firms have weighed in on NFI. CIBC lifted their price target on shares of NFI Group from C$12.00 to C$12.50 and gave the company an “underperform” rating in a research note on Tuesday, May 7th. Stifel Canada raised NFI Group from a “hold” rating to a “buy” rating in a research note on Monday, May 6th. Stifel Nicolaus raised NFI Group from a “hold” rating to a “buy” rating and raised their price objective for the company from C$15.00 to C$18.00 in a research note on Monday, May 6th. ATB Capital upped their target price on NFI Group from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Finally, National Bankshares reduced their price target on shares of NFI Group from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Monday, May 6th.

Insider Buying and Selling

In other news, Director Richard Paul Davies acquired 2,570 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were purchased at an average cost of C$13.17 per share, with a total value of C$33,846.90. In related news, Director Wendy Wai Ting Kei sold 6,888 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$11.44, for a total transaction of C$78,798.72. Also, Director Richard Paul Davies purchased 2,570 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average price of C$13.17 per share, for a total transaction of C$33,846.90. Over the last 90 days, insiders purchased 6,160 shares of company stock worth $77,741. 0.65% of the stock is owned by corporate insiders.

NFI Group Trading Up 0.1 %

TSE NFI opened at C$15.96 on Friday. The stock has a market capitalization of C$1.90 billion, a P/E ratio of -12.18, a P/E/G ratio of -0.07 and a beta of 1.38. The business has a 50 day simple moving average of C$13.83 and a 200 day simple moving average of C$13.15. The company has a debt-to-equity ratio of 165.99, a current ratio of 1.81 and a quick ratio of 0.55. NFI Group has a one year low of C$9.07 and a one year high of C$16.87.

NFI Group (TSE:NFI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C($0.18) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.18). The firm had revenue of C$974.37 million for the quarter, compared to analysts’ expectations of C$955.13 million. NFI Group had a negative return on equity of 16.18% and a negative net margin of 3.45%. Research analysts expect that NFI Group will post 0.2184143 earnings per share for the current year.

About NFI Group

NFI Group Inc, together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment design, manufacture, service, and support transit buses, coaches, medium-duty shuttles, and low floor cutaway buses.